ABIDJAN, July 24- Randgold Resources' Tongon mine in Ivory Coast will have a slightly lower gold output this year than previously expected mainly owing to an erratic power supply, Chief Executive Mark Bristow told reporters late on Saturday. The mine, one of five operated by the London- listed company in three African countries, is on track to produce 260,000... » Read More
Global stocks began the day higher, with Asian markets jumping more than 2 percent, lifting world shares to a 10-month high. Oil prices also climbed towards a 10-month peak and copper futures rose on hopes the global economic recovery is picking up steam.
Africa's investment fortunes are shifting, as the 'Dark Continent' becomes gradually less depended of its main trading partner, Europe, and attracts investor from fast-growing emerging countries.
Rio Tinto, the world's second-largest miner, reported a 54 percent drop in first-half earnings on Thursday, its biggest half-year slump on record, as aluminium prices and demand collapsed.
Rio Tinto is set to report first-half results Thursday and market watchers are predicting a sharp drop in profit for the Anglo-Australian miner.
Faced with the world’s most important oil discovery in years, the Brazilian government is seeking to step back from more than a decade of close cooperation with foreign oil companies and more directly control the extraction itself.
Global stocks rose Tuesday, clawing their way back from the previous day's lows. Experts tell CNBC that although the market is due for a slight correction, there is still value in large-cap stocks and copper.
Banks and commodities stocks, which are now stock market bellwethers, were trading higher in London Tuesday morning, as stocks reversed Monday's selloff, with investors hoping better times were ahead.
When a sell-off develops there is a surprising lack of support from investors in miner BHP Billiton.
The broader US stock market looks to break out of the higher technical pattern it has been following since March and a pullback could start very soon on the S&P 500 index, Chris Locke, managing director at Oystertrade.com said Wednesday.
After such an unprecedented rally in worldwide markets since the bottom in March, it's tough to see how much further stocks can go, Steven Mayne, head of research at Falcon Securities, said Friday.
With investors buying stocks and commodities and using the dollar as a carry trade, global stocks are just at the beginning of a significant trend higher, Chris Zwermann, global strategist at Zwermann Financial said Wednesday.
Investors want to buy the market, but they're getting "a little bit cagey about their bets," so they are moving away from the high beta stocks and moving back into defensives, Geoff Wilkinson, head of investment research at Mint Equities, said Wednesday.
Beware the hidden dangers of a cap-and-trade system.
Asian stocks fell and European markets were flat Monday as investors mulled the economic situation ahead of some big corporate earnings out this week. Oil prices extended their decline, falling below $60 a barrel. Experts tell CNBC oil is attractive at its current level.
The yen gained this week as the dollar's status as a global reserve currency came under scrutiny as China called for reform of the reserve currency system at a meeting of world leaders on Thursday. Experts tell CNBC the diversification debate will put pressure on the dollar in the long term.
Global stocks were lower Friday after Chevron's downbeat earnings outlook dragged oil prices and energy stocks down. Concerns about a global economic recovery have also dominated trade this week. Experts tell CNBC that the various stimulus packages have boosted the risk of defaults in developed economies.
Global stocks rose on Thursday as the first big U.S. earner out the box, Alcoa posted a smaller-than-expected second-quarter loss, leading basic resource stocks soaring. Experts tell CNBC now's the time to hold some high beta stocks.
A late upturn pushed stocks higher Wednesday as investors rotated into defensive stocks like pharmaceuticals and Alcoa advanced ahead of earnings.
Stocks turned lower Wednesday as investors got defensive ahead of earnings season, rotating into pharmaceuticals and out of techs.
Much like its stock market counterpart, the Oil VIX is showing a high level of uncertainty among investors as efforts intensify for stronger regulation of energy trading.